London tourist trade suffers from Olympic effect


LONDON (Reuters) - Tube trips are surprisingly easy, shopping on the high street is down in central London, hotel bookings and prices are off their peak, while theatres and London cafes suffer the Olympic effect.

Economists have long warned that the Olympics may not provide much of a boost at this stage for Britain's recession-hit economy as most of the construction work and investment has been done in the run-up to the Games. Now, early evidence appears to be bearing this out.

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